SoundHound AI, Inc. (SOUN) is experiencing a decline in its stock price today, which may be attributed to a combination of factors. Despite the company's recent unveiling of its in-vehicle voice assistant at CES 2025, there appears to be skepticism among investors regarding the immediate impact of this announcement. The assistant, which allows drivers to order food and navigate using voice commands, is a significant technological advancement, but discussions on Reddit suggest that the market may be looking for more substantial news or partnerships to drive the stock higher. One user expressed doubt about the company's public relations strategy, stating, "I'm starting to doubt SOUN's PR leadership. Why not make a big deal of what is a big deal?"
Additionally, there are concerns about the company's valuation, as highlighted in a recent analysis that described SoundHound's valuation as "detached from fundamentals." The stock's high price-to-revenue ratio and lack of profitability are causing some investors to question its current market cap. On Reddit, users are debating the stock's worth, with one pointing out, "Why do you think $20 is a fair price for sound? Or why $20 is undervalued for sound? For a non-profitable company."
SoundHound AI's stock is currently trading at $19.14, down 3.77% from its previous close of $19.89. Despite being just half an hour into the trading day, the stock has seen a volume of 12,844,777 shares, which is 20.37% of its average daily volume, indicating a moderate level of trading activity this morning.